As we enter the last quarter of the year, investors are traditionally looking to capitalize on the volatile nature of the crypto market. Here are three cryptocurrencies that could deliver significant returns by the end of the year.
Near Protocol
In the past seven days, $NEAR buyers witnessed a 32.24% charge boom, achieving $5.33 at press time. This price action has sparked discussions within the crypto community about the token’s potential for future gains. Analysis from the crypto analytics platform Santiment indicates an uptick in the layer-1 Proof-of-Stake (PoS) blockchain’s ecosystem development activity, reversing the trend from the first two quarters of 2024. Technical analysis shows several bullish signals, including trends in the Moving Average Convergence Divergence (MACD) signal and trading above both the 9-day and 21-day Moving Averages.
UNITS Coin
UNITS Coin is relatively new to the crypto market but is quickly gaining attention for its innovative approach to tokenizing real-world assets through NFTs. The project aims to democratize access to premium investments like real estate and fine art via fractional ownership. The tokenomics of the project includes a deflationary mechanism where a portion of rental income and property sales is used to burn tokens. Currently priced at $0.16, the positive sentiment surrounding the token's sale suggests early investors could see significant returns when it is listed on exchanges.
Sui
$SUI investors could end Q4 2024 with substantial gains. Having reached all-time high values of $2.17 just six months ago, the coin has seen an 80% increase in the last 30 days. Sui is a layer-1 blockchain designed for high throughput and low latency transactions. The SUI ecosystem includes unique features like object-centric architecture and parallel transaction processing, which could drive adoption. Recent upgrades have enabled developers to build decentralized applications (dApps) flexibly, bolstering interest in the SUI token.
As we conclude the fourth quarter of 2024, investors will look for alternatives to traditional cryptocurrencies. Coins like NEAR, UNITS, and SUI offer opportunities for portfolio diversification and potential profits in the current market climate.
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